Prices fell a bit; the median down 2.0% from last year, and the average down 3.0%. The median sale price was 99.8%, showing prices are still holding firm. Homes are still selling for pretty close to asking price.

What does the real estate market in December tell us about rental homes? More rental homes are still needed. If you have investment property you’d like to rent out, call us today at (719) 445-7172. This is the perfect time to rent your home!

New Listings: 659

This number is down 20.6% from last year, when it was 995.

Total Residential Sales: 851

This number is down 41.0% from last year, when it was 1,443.

Total Active Listings: 1,909

This is up a huge 189.7% from last year, when it was 659.

Median Price of Home: $441,000

Down 2.0% from last year, when it was $450,000.

Average Days on Market: 41

Homes are taking 156.3% longer to sell than last year, when it took 16 days to sell a home.

Summary

December 2022 Colorado Springs real estate statistics: The December real estate market was slow. How slow? December of 2022 will be remembered as one of the slowest months in recent memory.

Prices fell a bit; the median down 2.0% from last year, and the average down 3.0%. The median sale price was 99.8%, showing prices are still holding firm. Homes are still selling for pretty close to asking price.

What does the real estate market in December tell us about rental homes? More rental homes are still needed. If you have investment property you’d like to rent out, call us today at (719) 445-7172. This is the perfect time to rent your home.